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LVB increases NRE deposit rates

CHENNAI: Lakshmi Vilas Bank has hiked the interest rates on NRE deposits with effect from November 18. According to a release, the interest rate has been hiked by 30 basis points to 5.60 per cent for one-two years and by 20 basis points to 5.60 per cent for two-three years. For deposits of three years and above, the rate has been increased to 5.70 per cent from 5.40 per cent.

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